Payroll

carlyloucarlylou New MemberPosts: 13Registered
Hey Everyone,

could you please help me hopefully by tonight ;-)

if you have pension contributions from employers and employees what are the debit/credit entries into the pension account and to which of the following accounts... wages and salaries control account wages expense and paye/nic.

Thank you I hope this makes sense trying to write this on my phone x

Comments

  • mollymoomollymoo Settling In Nicely Posts: 23Registered
    dr wages and salaries (includes ees pension within the gross )
    dr ers pension
    cr xxxxxxx ( pension providor liability a/c with both ers and ees )

    So if you the employee pays £50 and you pay £50 for them then it would be;

    dr wages and salaries £50
    dr ers pension £50
    cr xxxxxxxxx (pension provider) £100
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